Powered by CharityEZ

Charity report ready

MAGNOLIA EDUCATION FOUNDATION

We found this organization. Review its mission, finances, leadership, and ways to help below.

Back to search results

This report opened in a new tab, so your results are still waiting for you.

Public IRS 990 nonprofit record

MAGNOLIA EDUCATION FOUNDATION

EIN 76-0699381 · Private Grantmaking Foundations (T20)

What they do

NON PROFIT MISSION STATEMENT is DIRECTED to THE RAISING of FUNDS WITH THE PROCEEDS USED for EDUCATIONAL PURPOSES RELATED to THE SCHOOL DISTRICT. THE LIBRARY and THE TEACHERS WHOM WORK AT THE SCHOOL PROCEEDS SUPPLY BOOKS, TEACHER SUPLY REIMBURSEMENTS and PLAY GROUND EQUIPMENT for THE SCHOOL. ALL of THESE PROGRAMS ARE MANAGED BY PARENTS WHOM OFFER THEIR TIME AT NO CHARGE.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2022The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.23%of revenue went to mission work100.0% of expenses · Program services
$71.23spent for every $100 of revenueRevenue covered expenses this year.
$0.91in assets for every $1 spent this yearSome assets cannot be spent right away.
97.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2022

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$242,386
Mission workProgram services$172,65571.23% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$69,73128.77% of revenueShown in gray on the chart
Total expenses$172,65571.23% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2022CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 71.23% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 89.53% of revenue
2020Expense mix: 19.2% mission · 0.0% management · 0.0% fundraisingTotal expenses: 178.73% of revenue
2019Expense mix: 100.0% mission · 0.1% management · 45.3% fundraisingTotal expenses: 66.57% of revenue
2018Expense mix: 99.4% mission · 0.2% management · 0.0% fundraisingTotal expenses: 82.75% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 31.3% fundraisingTotal expenses: 88.80% of revenue
2016Expense mix: 100.0% mission · 25.9% management · 0.0% fundraisingTotal expenses: 95.66% of revenue

Money in and money out

Revenue$242,386
Expenses$172,655
Annual surplus $69,731 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$172,655 · 100.0% of expenses
See all reported dollar amounts
Revenue$242,386
Expenses$172,655
Assets$156,827
Income$242,386
Contributions$235,409
Mission work (program services)$172,655
Grants given$120,834
Average grant$40,278
Accounting fees$500
People

Leadership and board

Tax year 2022

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

PATRICIA SASSTREASURER

TAMMIE GAICONA-FREEMANVICE PRESIDE

TINA MESSINAPRESIDENT

About this charity

Recognized since
January 2002
Location
PO BOX 55, MAGNOLIA, TX 77353-0055
County
Montgomery
In care of
% DACIA R OWENS PRESIDENT
Primary officer
TINA MESSINA, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2022
Tax period began
June 1, 2022
Return type
990
Tax preparer
SILVER ACCOUNTING GROUP LLC
NTEE classification
Private Grantmaking Foundations (T20)
IRS tax category
Private Grantmaking Foundations
Grant-giving organization
Yes

Thanks for caring! Learning about a charity is a great first step toward giving back.

About this report: Information comes from public nonprofit records and may show the latest filing available.

Close & return to results
Want to go deeper?

Full charity research is waiting at CharityEZ

Explore complete charity searches, information, reports, and research tools.

For Full Charity Searches and Information — Try CharityEZ
Are you this charity?Keep your current needs updated free with CharityEZ.
Post your needs free